June 16, 2022 @ 6:05 am By Omar Faridi  |  

IPC, a provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets, and Newsquawk, the multi-asset audio market data service, have teamed up to introduce Connexus Broadcast. Integrated into IPC’s financial markets Connexus Cloud, Connexus Broadcast leverages Newsquawk’s team of analysts that… Read More

June 15, 2022 @ 11:54 pm By Omar Faridi  |  

​Co-op Solutions and Constellation Digital Partners recently announced that the two credit union service organizations have established a task force of mutual customers to speed up the integration of Co-op digital apps into Constellation’s online and mobile banking platform. Gail Tofil, VP, Strategic Business Development,… Read More

June 15, 2022 @ 11:19 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) announced today a new buy now – pay later (BNPL) offering “PayPal Monthly.” The expanded credit offering arrives just after Apple (NASDAQ:AAPL) announced Apple Pay Later, a BNPL that allows users to easily pay for a purchase with 4 payments during a 6… Read More

June 15, 2022 @ 10:50 pm By Omar Faridi  |  

The team at Prosper recently shared their performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022 are as follows: In May, approximately 58% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size… Read More

June 15, 2022 @ 10:46 pm By Omar Faridi  |  

Digital asset firm Kraken recently revealed that they now support new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI). Margin trading is now offered via Kraken for several new pairs. You may view the complete list of supported pairs here. As covered,… Read More

June 15, 2022 @ 10:43 pm By Omar Faridi  |  

Digital asset firm Gemini is pleased to add support for a new set of crypto tokens. The following digital tokens are currently available for deposits and custody on Gemini: Alethea AI (ALI) TrueFi (TRU) Trading for these tokens will follow, “opening first on the firm’s… Read More

June 15, 2022 @ 6:46 pm By Omar Faridi  |  

Bit.com, a crypto exchange that supports spot, contract, options, and other trading products meeting the diversified needs of its global clients, has “listed Staked Ether (STETH) on its spot and futures markets.” By listing STETH, Bit.com claims that it “becomes the first cryptocurrency exchange to… Read More

June 15, 2022 @ 6:40 pm By JD Alois  |  

Investment crowdfunding is not just for smaller funding rounds and Boxabl is an excellent example of that. Boxabl is aiming to raise a whopping $1.07 billion at a valuation of $3 billion and it is leveraging two securities crowdfunding platforms to help with part of… Read More

June 15, 2022 @ 4:05 pm By Omar Faridi  |  

Nuula, a Fintech company focused on providing small businesses the tools and the capital they need to succeed, announced its launch in Canada. Nuula will provide Canadian small business owners with a way to monitor the performance of their business and “access a range of… Read More

June 15, 2022 @ 2:26 pm By JD Alois  |  

As has been anticipated by the markets, the US Federal Reserve raised its benchmark rate by 75 basis points. At the last meeting, the Federal Open Market Committee (FOMC) raised rates by 50 bps while setting an expectation the next rate increase would fall along… Read More

June 15, 2022 @ 2:04 pm By JD Alois  |  

Multiple Fintechs have recently announced layoffs due to the faltering economy and rising interest rates. Most people are predicting a recession – one that could be long and hard. Due to the current economic malaise and forward expectations, companies like Coinbase, BlockFi, and others have… Read More

June 15, 2022 @ 1:52 pm By Omar Faridi  |  

Melio, a B2B payments platform for small businesses, recently announced the appointment of Yoav Schwartzberg as VP of Product. Schwartzberg will “lead all customer-facing product lines, including Melio’s accounts payable and receivable and B2B payments platform, as the company continues to build up its R&D… Read More

June 15, 2022 @ 1:38 pm By Omar Faridi  |  

C2FO, which claims to be the largest global platform for working capital, recently announced the launch of the C2FO CashFlow+™ Card, a new option that “enables businesses to accelerate invoice payment without the discount typically required in exchange for early payment.” The CashFlow+ Card “puts… Read More

June 15, 2022 @ 11:37 am By Omar Faridi  |  

After the appointment of Jason Levy to lead its Strategic Development and Partnership plans in the charity sector, digital payments provider PayPoint is launching PayPoint Donate. PayPoint Donate brings together a digital solution to offer charities and their supply partners with an integrated platform to… Read More

June 15, 2022 @ 11:27 am By Omar Faridi  |  

Bank of America‘s (NYSE: BAC) Virtual Account Management (VAM) solution is coming to companies operating in the US. The geographical expansion “follows last year’s addition of the Netherlands to the existing UK and Ireland capabilities.” Through VAM, companies can “open virtual accounts that act as sub-ledger… Read More

June 15, 2022 @ 10:49 am By JD Alois  |  

A crypto trifecta for the decline? Seems like it. The bad news keeps rolling in from the possibility of insolvency at crypto lender Celsius, a rapid reduction in leverage, and trouble at a large blockchain hedge fund, things aren’t so good right now.  Marcus Sotiriou,… Read More

June 15, 2022 @ 10:11 am By Omar Faridi  |  

Wrisk, which is on a mission to transform the way insurance is sold, “working with leading automotive brands and insurers,” has raised 88% (£1,105,199) of its £1,250,003 target (with 29 days left in the sale) from 275 investors via Seedrs. Located in London, Wrisk operates… Read More

June 15, 2022 @ 10:04 am By JD Alois  |  

Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, according to a report by Reuters. In an opaque tweet, founder Zhu Su, said they are “in the process of communicating with relevant… Read More

June 15, 2022 @ 9:45 am By JD Alois  |  

Tether has moved to counter “rumors” that 85% of its commercial paper is Chinese or  Asian and trading at a 30% discount thus calling into question its reserves. Tether or USDT is the number one dollar-based stablecoin and has endured a challenging market having largely… Read More

June 15, 2022 @ 9:26 am By JD Alois  |  

tZERO, a digital asset marketplace, has announced the appointment of two individuals to its board of directors. Edwin Marcial, former Senior Vice President and founding Chief Technology Officer of Intercontinental Exchange (NYSE: ICE), and Michael Blaugrund, Chief Operating Officer of the New York Stock Exchange… Read More